La. Rev. Stat. § 6:371
Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner
Louisiana · Louisiana Revised Statutes Title 6 — Banks and Banking · Status: effective
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- Citation
- La. Rev. Stat. § 6:371, Voluntary liquidations and dissolutions of solvent banks with prior approval of commissioner, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2636209
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Full text
A. The stockholders of a state bank, by vote of two-thirds of the total voting power of the corporation or such larger vote as the articles may require, at a special meeting of the stockholders the notice of which shall set forth the proposed dissolution as the purpose of the meeting, may agree to appoint a liquidator and dissolve the state bank.
B. If the public interest will thereby be served, the commissioner shall approve the liquidation unless the bank is insolvent or in an impaired, unsafe, or unsound condition.